Man holding a question mark

30 November, 2020

Watchdog’s ire provoked by ‘vague’ purpose statements

Regulators are a little disappointed. While the world is calling on companies to better define their purpose, it’s not going as well as it should. A review of governance statements from 100 UK co...
Boardroom with modern chairs

20 November, 2020

UK companies ‘need to go further’ on LGBTQ+ inclusion

This week the spotlight turned on LGBTQ+ people in business and whether they are treated fairly by companies. A report from the UK’s governance regulator concludes that many firms "need to go much f...
Climate disclosures warning sign

12 November, 2020

FRC says climate disclosures are ‘failing to meet investor expectations’

UK corporate reporting is under pressure again, with companies once more being asked to up their game on climate disclosures. UK regulator the Financial Reporting Council (FRC) says
Covid-19 crisis and stock market prices

22 October, 2020

FRC issues further warning over Covid and corporate reporting

Watchdogs have stressed yet again that companies be plain in disclosing their performance prospects as a result of the pandemic in their reporting. The warning comes in the Financial Reporting Coun...
Corporate reports on a boardroom table

9 October, 2020

FRC proposes ‘public interest report’ to highlight stakeholder issues

With all the talk of stakeholder interests in business it was only a matter of time before corporate reporting began to catch up. And so it has. This week sees the UK reporting watchdog issue proposal...
LG group logo on website

6 October, 2020

LGIM says it’s ‘time for action’ to boost ethnic diversity on boards

With progress made on gender diversity, one of the UK’s biggest investors is switching its focus to ethnic diversity on boards. Legal and General Investment Management (LGIM) has written to nomin...
auditor

29 September, 2020

ICAEW report reveals a quarter of non-PIE audits require improvement

The majority of non-public interest entity (PIE) audits are good. But a quarter need either improvement or significant improvement. That’s the conclusion of a
Covid-19, coronavirus, hits markets

21 July, 2020

Covid-19: FRC urges companies to provide ‘more extensive disclosures’

The campaign for companies to fully report the impact of Covid-19 on their performance continues. A report from the Financial Reporting Council (FRC) published this week sees the regulator “remindin...
Magnifying glass on audit documents

14 July, 2020

FRC scrutiny of audit quality reveals “unacceptable” level of issues

There is fresh criticism of auditors this week, as regulators report a third of audits inspected during the past year required a level of improvement that is “unacceptable”. Audit firms have al...
Audit separation

6 July, 2020

FRC issues principles for separation of audit from other services

A landmark in the reform of the UK audit market has been reached with the Big Four firms put on notice that the “operational separation” of audit from other services must take place by the end of ...